§ 74-2. Same—Supplemental benefits fund; election to enter, deposits.

(a)

The city, by its city council, hereby elects to have the employees of all departments of city participate in and be covered by the supplemental benefits fund of the Texas Municipal Retirement System, as provided by V.T.C.A., Government Code § 855.313, and all the benefits and obligations of participation in said fund are hereby accepted by the city as to such employees.

(b)

The mayor is hereby directed to notify the board of trustees of the Texas Municipal Retirement System that the city has elected to participate and have the employees of the above-mentioned departments participate in the supplemental benefits fund of said system.

(c)

Each person who becomes an employee of any participating department on or after the effective date of participation of such department in said fund shall as a condition of his employment be covered into the supplemental benefits fund of said system. The city may in the future refuse to add new departments or new employees to said fund, but shall never discontinue as to any members who are covered into the fund.

(d)

Participation of the above-mentioned employees in the supplemental benefits fund shall be effective January 1, 1960, or on such later date as the board of trustees of the Texas Municipal Retirement System shall declare said fund to be operative.

(Ord. No. 470, 6-24-65; Ord. No. 657-A, 9-17-70; Code 1973, § 15-2)